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Kevin Mecabe

Florida Coastal Living
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215 Federal Highway N 1
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PRICED AT ONLY: $1,687,653

Address: 215 Federal Highway N 1, Lake Worth Beach, FL 33460

Description

PROPERTY HIGHLIGHTSThis exceptional multi family portfolio in Lake Worth, Florida, comprises eight (8) strategically located buildings, offering a total of twenty eight (28) units. Each property features unique architectural styles and modern amenities, ensuring a diverse and appealing selection for tenants. The portfolio includes a mix of unit sizes and configurations, catering to various tenant needs and maximizing rental potential. With a solid average cap rate of 8.26%, these properties promise a robust return on investment. Situated in a vibrant and growing community, this portfolio presents a rare opportunity to acquire income generating assets in a highly desirable area.
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  • MLS#: RX-11009154 ( Quad Plex )
  • Street Address: 215 Federal Highway N 1
  • Viewed: 16
  • Price: $1,687,653
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1921
  • Bldg sqft: 0
  • Days On Market: 147
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Features
Building and Construction
  • Absolute Longitude: 80.052606
  • Construction: Concrete, Other
  • Exterior Features: Open Patio
  • Flooring: Other
  • Roof: Other
  • Sqft Source: Tax Rolls
  • Sqft Total: 4237.00
  • Total Building Sqft: 2814.00
Property Information
  • Property Condition: Resale
  • Property Group Id: 19990816212116581394000000
Land Information
  • Lot Description: < 1/4 Acre
  • Subdivision Information: None
Eco-Communities
  • Private Pool: No
  • Storm Protection: None
  • Waterfront Details: None
Utilities
  • Carport Spaces: 0.00
  • Cooling: Electric
  • Heating: Electric
  • Number Of Stories: 2.0
  • Separate Elec Meters: Yes
  • Separate Wtr Meters: No
  • Utilities: Cable, Public Sewer, Public Water
Finance and Tax Information
  • Homeowners Assoc: None
  • Income Expenses Annual Net Oper Inc: 144405.00
  • Income Expenses Annual Total Expense: 40137.00
  • Income Expenses Gross Operating Inc: 184542.00
  • Source Of Expenses: Owner
  • Tax Year: 2023
Rental Information
  • Tenant Pays: None
Other Features
  • Avail Info: Accounting
  • Country: United States
  • Housing For Older Persons Act: No Hopa
  • Legal Desc: TOWN OF LAKE WORTH LT 13 /LESS E 5 FT SR R/W/ BLK 44
  • Parcel Id: 38434421150440130
  • Possession: At Closing
  • Views: 16
  • Zoning: MU-E(c
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Kevin Mecabe